Investment21 Feb 2026, 05:32 pm
Kati Patang Lifestyle Ltd Converts Warrants into Equity Shares Worth INR 4,07,62,500
AI Summary
Kati Patang Lifestyle Ltd has issued and allotted 54,35,000 equity shares of face value of Rs.10/- each fully paid up to various warrant holders of the promoter group and non-promoter group. The allotment has been made for cash, upon the receipt of the remaining exercise price of Rs. 7.50/- per Share Warrant, aggregating to Rs. 4,07,62,500/-. The equity shares allotted on conversion of the warrants shall rank pari-passu, in all respects with the existing fully paid equity shares of the Company, including dividend, if any.
Key Highlights
- Kati Patang Lifestyle Ltd has converted warrants into equity shares worth INR 4,07,62,500.
- 54,35,000 equity shares have been allotted to various warrant holders of the promoter group and non-promoter group.
- The allotment has been made for cash upon the receipt of the remaining exercise price of Rs. 7.50/- per Share Warrant.
- The equity shares allotted on conversion of the warrants shall rank pari-passu with the existing fully paid equity shares of the Company.
- The total number of equity shares of the Company has increased from 3,58,98,280 to 4,13,33,280 after the allotment.